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TheStreet Wire

Crown Castle International Reaches New 52-Week High (CCI)

By TheStreet Wire 08/31/12 - 11:30 AM EDT

Find out if (CCI) is in Cramer's Portfolio.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (TheStreet) -- Crown Castle International (NYSE:CCI) hit a new 52-week high Friday as it is currently trading at $63.48, above its previous 52-week high of $63.44 with 428,142 shares traded as of 11:05 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Crown Castle International has a market cap of $18.41 billion and is part of the technology sector and telecommunications industry. Shares are up 41% year to date as of the close of trading on Thursday.

Crown Castle International Corp., together with is subsidiaries, owns, operates, and leases shared wireless infrastructure primarily in the United States, Puerto Rico, and Australia. The company has a P/E ratio of 71.4, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Crown Castle International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Crown Castle International Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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